Your eyes are not deceiving you . . . Hoku Scientific did jump up 47% yesterday

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There was just one story yesterday - Hoku Scientific jumped 47% in one day on news that its subsidiary, Hoku Materials, signed a 10-year contract for delivery of polysilicon with Suntech Power Holdings.

The detail of the contract is that it calls for a $2 million deposit on deliveries slated to start in 2009 and additional prepayments of $45 million. Critically, it also could mean $675 million in revenues over a 10-year period.

From a posting, blogging point of view, I love Hoku. It provides an extraordinary tale how a fuel cell company which bizarrely decides to locate in Hawaii, decides to diversify into solar and actually succeed. What were the odds on that?

And whoever is in charge of drumming up the business for Hoku is the definition of rainmaker.

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